Trade war stirs 'frenzy' in SGX USD/CNH futures

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By GlobalCapital
05 Aug 2019

Singapore Exchange is witnessing new record high volumes in USD/CNH futures on the back of trade related market angst.

The figures follow Friday’s news that the Trump administration would impose a 10% tariff on a further $300bn of Chinese imports with effect from September 1. SGX described global FX markets as having gone into a “frenzy” last Friday when President Trump tweeted the move.

The exchange said ...

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